11:24 AM EST, 11/21/2025 (MT Newswires) -- T-Mobile (TMUS) faces pressure from an impending industry price war and slowing subscriber growth, posing key risks to the company's decade-long run of outsized market share gains and margin expansion, Oppenheimer said in a Friday note.

According to the report, competitor Verizon Communications ( VZ ) is channeling $4 billion in cost savings into more aggressive handset promotions and content bundles. Analysts expect this heightened competitive environment to persist for one to two years, increasing the risk of pricing pressure and softer net additions.

The report also warned that cable operators remain a growing threat as they continue pushing aggressive wireless bundles to offset broadband declines, a trend that adds further pressure on T-Mobile.

Although the firm kept its financial forecasts unchanged, it cut its long-term outlook for postpaid phone net additions, projecting T-Mobile's industry flowshare to fall from roughly 38% to the mid-20% range over the next five years.

The firm downgraded its rating on the stock to perform from outperform.

Shares were down 0.5% in recent trading.

Price: 209.37, Change: -1.14, Percent Change: -0.54